Stonebrook Private Inc. Takes $1.96 Million Position in Fidelity National Information Services, Inc. (NYSE:FIS)

Stonebrook Private Inc. bought a new position in Fidelity National Information Services, Inc. (NYSE:FIS) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 23,446 shares of the information technology services provider’s stock, valued at approximately $1,964,000.

Several other large investors have also added to or reduced their stakes in FIS. Kennebec Savings Bank bought a new stake in Fidelity National Information Services during the third quarter valued at about $28,000. University of Texas Texas AM Investment Management Co. purchased a new stake in Fidelity National Information Services during the second quarter valued at $30,000. EdgeRock Capital LLC bought a new position in Fidelity National Information Services during the second quarter valued at $35,000. Family Firm Inc. purchased a new position in shares of Fidelity National Information Services in the 2nd quarter worth $35,000. Finally, Concord Wealth Partners raised its position in shares of Fidelity National Information Services by 50.2% during the 3rd quarter. Concord Wealth Partners now owns 437 shares of the information technology services provider’s stock valued at $37,000 after buying an additional 146 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Fidelity National Information Services Stock Up 0.7 %

Fidelity National Information Services stock opened at $86.08 on Friday. The business has a fifty day moving average price of $86.96 and a 200-day moving average price of $80.60. Fidelity National Information Services, Inc. has a 1-year low of $54.65 and a 1-year high of $91.98. The stock has a market capitalization of $46.34 billion, a price-to-earnings ratio of 34.29, a PEG ratio of 0.73 and a beta of 1.06. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18.

Fidelity National Information Services (NYSE:FIS) last issued its quarterly earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.56 billion. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. The company’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.94 earnings per share. Equities research analysts forecast that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Information Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a yield of 1.67%. Fidelity National Information Services’s dividend payout ratio (DPR) is 57.37%.

Analysts Set New Price Targets

Several research analysts recently commented on FIS shares. Barclays lifted their price target on Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. BNP Paribas downgraded Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research report on Wednesday. Bank of America upped their price target on shares of Fidelity National Information Services from $90.00 to $96.00 and gave the company a “buy” rating in a report on Tuesday, September 17th. Stephens raised their price target on shares of Fidelity National Information Services from $90.00 to $98.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Finally, Compass Point started coverage on shares of Fidelity National Information Services in a research report on Wednesday. They issued a “buy” rating and a $126.00 price objective for the company. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $91.50.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein purchased 626 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was purchased at an average price of $88.25 per share, for a total transaction of $55,244.50. Following the purchase, the director now directly owns 10,397 shares in the company, valued at approximately $917,535.25. This trade represents a 6.41 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Lenore D. Williams sold 11,305 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $87.97, for a total value of $994,500.85. Following the transaction, the executive vice president now owns 32,199 shares in the company, valued at $2,832,546.03. This represents a 25.99 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.

Fidelity National Information Services Company Profile

Fidelity National Information Services, Inc engages in the provision of financial services technology solutions for financial institutions, businesses, and developers worldwide. It operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. The company provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; card and retail payment; electronic funds transfer and network; wealth and retirement; and item processing and output solutions.